Friday, October 24, 2008

Updated World Oil Balance Data

If anybody still doubts that simple supply and demand issues were, by FAR, the primary cause of the price spikes we saw last summer in oil and gasoline, this update should put that misconception to rest.

This update also suggests we may very well see similar price spikes NEXT summer!

The updated post notes that ANWR alone could have been enough to prevent the GLOBAL imbalance between supply and demand and could have prevented these price spikes worldwide!

If we do not get to work NOW developing more of our tremendous domestic hydrocarbon resources, we will continue to suffer higher and higher energy prices more and more frequently for more and more decades to come.

If American voters give Democrats on the Far Left a supermajority control of the entire Federal government, it is an absolute certainty that Democrats will resume their historical obstructionist activities, PREVENT us from developing these domestic resources and ensure these price spikes (or perpetually astronomical prices) for DECADES to come!